Container carriers can recover from the losses they suffered in recent price wars by adopting more disciplined business practices, says a new report.The recently published report by The Boston Consulting Group (BCG) is titled 'Charting a…
Owners of container ships for chartering, Costamare Inc., plans to offer 7,000,000 shares of its common stock.Members of the Konstantakopoulos family, who in the aggregate own a majority of the common stock of the Company, have indicated their intention to purchase up to 700…
A Ghana court judge rejected plea to release the 'ARA Libertad' training ship, detained through complaint by a US hedge fund creditor.The sail training ship has been detained with more than 200 hundred crew members on board since 2, October…
Maritime challenges key theme.The Women’s International Shipping and Trading Association (WISTA) conference program held in Paris October 3-5 illuminated the many challenges facing the maritime industry today. This annual gathering of WISTA…
Daiichi Chuo K.K. may cancel ship orders, pare its fleet & sell new stock after getting emergency financing from shareholder Mitsui O.S.K. Lines Ltd.To help weather a slump in dry-bulk rates the company is in talks about canceling or delaying…
SHIPPINGInsight Fleet Optimization Conference kicks off as Maitland weighs in on how best to profitably operate a ship. He says, 'It's all about the Choices.' Here we are, early in the morning, before the coffee has kicked in, and I am tasked with a “keynote speech”…
Total revenue for the Singapore-based group increased by 7.7% year-on-year to $391.2-million in financial year ended 30, June 2012.ASL Marine Holdings Ltd. is a vertically-integrated marine services group principally engaged in shipbuilding…
Quadrise Fuels International PLC, emerging supplier of MSAR®, a low cost alternative to heavy fuel oil, place ordinary shares on market.Application has been made for the 50,000,000 Placing Shares to be admitted to trading on AIM and dealings are expected to commence on 9 October 2012…
The Market - Global Floating Production Capex to Double.Douglas-Westwood (DW) forecast that between 2013 and 2017 $91bn will be spent on floating production systems (FPS) – an increase of 100% over the preceding five-year period. This growth…
Plagued by low sources of revenue in their economies, African maritime stakeholders are meeting in Mombasa, Kenya to look into ways the industry could add to national revenue base. Key debate issue on the first day revolved around whether…
In its latest shipping sector report DNB Bank, focuses on how ship speed optimization has changed fundamental supply/demand balances.The DNB Bank report expounds:Speed optimisation has completely changed the fundamental supply/demand balances…
The International Shipping Strategic Development Forum met in Shanghai for wide-ranging discusion on the shipping industry.With high profile support from the Lord Mayor of London David Wooton who opened the forum, the event was attended…
China mainland shipping agency provider Sino-Global announce increased revenue in fiscal year 2012 results.Sino-Global Shipping America, Ltd. a leading, non-state-owned provider of shipping agency services operating primarily in China, report…
Troubled Greece-based Excel Maritime Carriers has agreed with its lenders to effectively extend its equity raising commitment through December 31, 2012.Excel Maritime Carriers has agreed with its lenders under its $1.4bn syndicated credit facility to effectively extend…
The New Zealand Government & Daina Shipping Company settle amount due arising from the container ship's grounding on 5, October 2011.Keith Manch, Director of Maritime New Zealand, confirmed that Daina Shipping Company will pay $27.6 million…
